News

The year has hardly begun and already some of its biggest challenges for compliance departments seem evident: contending with expected rules on customer due diligence, evolving sanctions obligations and the U.S. Justice Department's emphasis on individual liability. In interviews conducted with ACAMS moneylaundering.com reporters as 2015 came to a close, experts on anti-money laundering (AML), sanctions and counterterrorist financing outlined their hopes and concerns for the coming year. What follows is an edited transcript of their comments. On AML expectations: Roger Wilkins, former Financial Action Task Force (FATF) president: The amount of financial flows is increasing significantly, and the complexity...